Monso Business Banking. It just works. So you can too. Join businesses like Target

to Wishing by opening a Monso Business account.

What I love about Monso Business account is how easy everything is. It can be filtered,

it can be tagged. We thought we'd have to manage our business around our banks, but that's

not the case for Monso.

My name is Shun. I am the Founder of Target Trition.

Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director

of a limited company, UK Business is only terms and conditions apply.

What's good friends? Listeners, side hustle school. I'm so glad you're here.

Hope you had a great Thanksgiving for those who celebrate. Hope you ate some pie. Even if you're

outside the US, look, you can still have pie. I'm a big fan of pie. In case you have not been listening

for a while, I talk about pie from time to time. But of course, I don't want to overdo it,

both in terms of eating pie and talking about it. So let us jump into today's question.

Today's caller is hoping to set up a service with a low service fee and a renewal payment every

three months. He's wondering about how to do this. The mechanics of it, the logistics,

is there an easy way to do it? So we're going to talk about that. But before we do that,

a reminder about why you might actually want to do this. Why might this be a good approach?

So there's a bit of strategy, not just the mechanics, but strategically, why would you want to do

this? Well, number one, because recurring revenue is so important. Number one, first and foremost,

it's really great to get paid on a recurring basis, as opposed to just constantly trying to get

new customers. If you have this base of customers, you can say, every month or every three months,

whatever the term is, you know that money is going to come in. That then allows you to forecast

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